Key Points
- MediaAlpha CTO Kuanling Amy Yeh sold 3,000 shares at an average price of $12, generating $36,000. The sale was conducted under a Rule 10b5-1 plan to cover tax withholding, reducing her holdings by 0.54% to 549,091 shares.
- MediaAlpha recently reported quarterly EPS of $0.65, exceeding analysts’ $0.23 estimate, while revenue of $316.88 million also topped expectations. The stock opened at $11.53, with a market capitalization of approximately $706 million.
- Institutional investors own 64.39% of the company, and analysts maintain a “Moderate Buy” consensus rating with an average price target of $14.29.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) CTO Kuanling Yeh sold 3,000 shares of MediaAlpha stock in a transaction on Friday, September 4th. The shares were sold at an average price of $12.00, for a total transaction of $36,000.00. Following the completion of the sale, the chief technology officer directly owned 549,091 shares of the company's stock, valued at approximately $6,589,092. The trade was a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Kuanling Amy Yeh also recently made the following trade(s):
- On Friday, August 14th, Kuanling Yeh sold 12,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.55, for a total transaction of $162,600.00.
- On Friday, June 26th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.16, for a total value of $33,480.00.
MediaAlpha Price Performance
Shares of NYSE:MAX opened at $11.53 on Thursday. The stock has a market capitalization of $706.39 million, a P/E ratio of 7.12 and a beta of 1.16. The business has a 50-day moving average of $13.11 and a two-hundred day moving average of $10.79. MediaAlpha, Inc. has a fifty-two week low of $7.09 and a fifty-two week high of $14.70.
MediaAlpha (NYSE:MAX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.42. The business had revenue of $316.88 million for the quarter, compared to the consensus estimate of $300.87 million. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%. As a group, research analysts expect that MediaAlpha, Inc. will post 1.13 EPS for the current fiscal year.
Hedge Funds Weigh In On MediaAlpha
Institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC grew its position in MediaAlpha by 680.9% during the third quarter. Millennium Management LLC now owns 1,429,556 shares of the company's stock worth $16,268,000 after buying an additional 1,246,493 shares in the last quarter. Victory Capital Management Inc. increased its stake in MediaAlpha by 1,261.9% during the third quarter. Victory Capital Management Inc. now owns 710,819 shares of the company's stock valued at $8,089,000 after acquiring an additional 658,625 shares during the period. Lazard Asset Management LLC acquired a new position in MediaAlpha in the 2nd quarter valued at approximately $4,268,000. Lighthouse Investment Partners LLC lifted its position in shares of MediaAlpha by 831.7% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 353,930 shares of the company's stock worth $4,028,000 after acquiring an additional 315,943 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of MediaAlpha by 29.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,367,896 shares of the company's stock worth $17,714,000 after acquiring an additional 309,455 shares during the period. Institutional investors own 64.39% of the company's stock.
Wall Street Analysts Forecast Growth
MAX has been the topic of a number of research analyst reports. Zacks Research upgraded shares of MediaAlpha from a "strong sell" rating to a "hold" rating in a research note on Monday, August 24th. Keefe, Bruyette & Woods boosted their target price on shares of MediaAlpha from $15.00 to $17.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 8th. Capital One Financial set a $11.00 price target on shares of MediaAlpha in a report on Tuesday, June 9th. Texas Capital raised MediaAlpha to a "strong-buy" rating in a research report on Tuesday, June 9th. Finally, Canaccord Genuity Group lifted their price objective on MediaAlpha from $15.00 to $17.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $14.29.
View Our Latest Research Report on MAX
MediaAlpha Company Profile
(
Get Free Report)
MediaAlpha, Inc is a technology company that operates a real-time digital marketplace for the distribution of insurance and adjacent services. The company's platform connects buyers—consumers seeking insurance policies—to sellers, including insurance carriers and distribution partners, through programmatic bidding and data-driven pricing. By leveraging transaction-level data and proprietary auction mechanics, MediaAlpha enables carriers to acquire customers more efficiently and at scale.
The firm offers a suite of products that help clients optimize marketing spend and improve conversion rates.
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